sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 Central Goods & Services Tax (Seventh Amendment) Rules 2018
 Filing your income tax returns? You need to know which form to submit
 Income tax return filing for FY 2017-18: Here are all the links you need
 Filing your income tax returns? Here are 4 challenges that you may face
 7th Pay Commission and Income Tax efiling: Here is how government employees need to file ITR for AY2018-19
 Don’t forget these tax breaks while filing ITR for AY2018-19 Income Tax efiling
  Here are five ways to e-verify your income tax return
 Filing Income Tax Return? You must keep these key documents handy
 33 LPA- Opportunities for Chartered Accountant
 33 LPA- Opportunities for Chartered Accountant
  Here are 5 ways to e-verify your income tax return

Day 6: Kalam quits Satyam NGO, PwC in trouble
January, 13th 2009

When former President APJ Abdul Kalam decided to become chairman Emeritus at the Satyam-funded NGO Emergency Management and Research Institute (EMRI), little did he know that he was associating himself with one of corporate India's biggest scandals.

Following the Satyam scam, Kalam has decided to resign.

Other top corporate leaders, including ICICI CEO, K V Kamath, CII Mentor Tarun Das and even former NASSCOM chief Kiran Karnik followed suit.

But while EMRI may survive the scam with most states deciding to continue with it, it's the Satyam auditors who are, facing trouble.

Regulator for chartered accountants ICAI's special committee will be formed on Tuesday to investigate the scam.

The group will give its report in a week.

The special committee will work in coordination with regulators - SEBI and RBI - as well as the Ministry of Corporate Affairs and share input with them, said ICAI president Ved Jain.

A show-cause notice has already been issued to Satyam auditors PwC. They have 21 days to reply.

In case they are found to be in gross negligence they will be barred from practicing for five years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions